---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-24-000606"
form_type: "8-K"
ticker: "NCL"
cik: "0001923780"
company_name: "Northann Corp."
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:16:09.628504+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Northann Corp. settles $1M convertible notes for $500k; notes and warrants terminated

## Summary
- Settled $1M convertible notes and warrants with investors Sam Yan and Hongyu Wang for $500k cash on May 24, 2024.
- Company previously paid $1.2M in 2023, bringing total settlement consideration to $1.7M.
- Security interests and UCC financing statements released as part of settlement.
- Convertible notes and warrants are fully terminated and null and void.

## SEC filing metadata
- accession: 0001575872-24-000606
- form_type: 8-K
- ticker: NCL
- cik: 0001923780
- company_name: Northann Corp.
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1923780/000157587224000606/0001575872-24-000606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1923780/000157587224000606/ncl-20240524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-24-000606
- JSON: https://secwatch.observer/filing/0001575872-24-000606.json
- Plain text: https://secwatch.observer/filing/0001575872-24-000606.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.